Income Inequality | Inequality.org - 47 views
-
hcps-mccollele on 01 Feb 15"Between 1979 and 2012, the top 5 percent of American families saw their real incomes increase 74.9 percent, according to Census data. Over the same period, the lowest-income fifth saw a decrease in real income of 12.1 percent. This sharply contrasts with the 1947-79 period, when all income groups saw similar income gains, with the lowest income group actually seeing the largest gains." After world war 2 income from the lower class started to rise more than the upper class making the gap between upper and middle class lower as income averaged out. However around the 1970s the upper class's income has started to increase more than the lower class's income leaving a wider income gap.